Founder · Investor · Operator

Alyssa Tsai

Financing the physical layer of AI and the financial layer of the internet.
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Capital
Five Mounts Capital · 群山資本
Compute
The physical layer of AI
Distribution
PANONY · PANews · mshrmm

Platforms

Five Mounts Capital · 群山資本

The physical layer of AI — GPU clusters, data centers, power, and the capital structures that fund them.
fivemounts.com →

mshrmm

First checks into onchain finance — stablecoins, tokenized assets, DePIN, decentralized compute, AI × crypto.
mshrmm.com →

PANONY / PANews

One of Asia's leading Chinese-language technology media ecosystems — 14M+ readers a month.
panewslab.com →

About

Fifteen years at the frontier of technology and finance.

Alyssa Tsai is a Taiwanese founder, investor, and operator working across AI infrastructure, digital assets, and private markets. She founded Five Mounts Capital (群山資本), backing the physical and financial infrastructure of AI, and mshrmm, a first-check venture platform for onchain finance. Earlier she founded PANONY and PANews, which reached 14M+ readers a month and supported several hundred companies across blockchain, fintech, exchanges, and AI.

Before that she worked across law, communications, and luxury media — at Condé Nast, leading partnerships and product innovation including the VOGUE credit card and VIP membership program; at Isentia, advising multinationals on APAC strategy and executive intelligence; at Ogilvy, on technology campaigns for Google, Seagate, Oracle, and Cheetah Mobile. She began her career in law at DaVinci Attorneys-at-Law.

She has worked with or supported Amazon Web Services, Ant Financial, Apple, LVMH, Huawei, Google, Oracle, and Seagate, alongside major global digital asset exchanges. A Forbes 30 Under 30 honoree (Asia and China), she is a limited partner in Animoca Brands, NGC Ventures, and Delta Blockchain Fund, mentors with the Harvard Blockchain Association, and holds a law degree from National Taiwan University.

Selected Portfolio

AI infrastructure & compute
Render Network·io.net·0G Labs·GAIB
Onchain finance
Solv Protocol·Clearpool·SynFutures
Frontier technology
CG Oncology

Compute networks, tokenized finance, onchain credit, decentralized derivatives — and frontier bets beyond crypto.

Contact

hi@fivemounts.com
For investment, infrastructure, partnership, media, and speaking inquiries.
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Frequently Asked

Who is Alyssa Tsai?
Alyssa Tsai is a Taiwanese founder, investor, and operator focused on AI infrastructure, compute, digital assets, and onchain finance. She is Founder and Managing Partner of Five Mounts Capital (群山資本), Founder and General Partner of mshrmm, and Founder of PANONY and PANews.
What is Five Mounts Capital?
A private capital and infrastructure house focused on the physical and financial layers of artificial intelligence — AI compute, GPU clusters, data center ecosystems, powered infrastructure, infrastructure transactions, and long-horizon capital formation.
What is mshrmm?
A digital-native venture platform focused on onchain finance, stablecoin infrastructure, AI × crypto, DePIN, and decentralized compute. It writes first checks and backs founders through capital, market structure, ecosystem access, and APAC distribution.
How are Five Mounts Capital and mshrmm different?
Five Mounts Capital invests in the physical and financial infrastructure of AI. mshrmm invests in the network-native layer — onchain finance, crypto, DePIN, AI × crypto, and early-stage digital platforms.
What does Alyssa Tsai invest in?
AI infrastructure, GPU compute, data center ecosystems, decentralized compute, digital assets, DePIN, onchain finance, stablecoin infrastructure, tokenized assets, fintech, and frontier technology.
What is Alyssa Tsai's operating thesis?
Three layers: capital, compute, and distribution. PANONY built distribution; mshrmm backs onchain networks; Five Mounts Capital builds the AI infrastructure layer.